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American International Group, Inc. (AIG) [hlAlert]

Rating:
Market Perform
AIG
up 3.77 %

American International Group, Inc. (AIG) upgraded to Market Perform by Wells Fargo

Posted on: Thursday,  Jan 10, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform American International Group, Inc. (NYSE: AIG) on 01/10/2013. Previously Wells Fargo rated Underperform American International Group, Inc. (NYSE:
AIG) on 09/11/2009., when the stock price was $37.15. Since then, American International Group, Inc. has lost 3.63% as of 01/10/2013's recent price of $35.80.
If you would have followed the previous Wells Fargo's recommendation on AIG, you would have gained 3.77% of your investment in 1217 days.

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG?s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG?s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/10/2013 8:25 AM Hold
None
35.80
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -1.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/11/2009 8:25 AM Sell
None
37.15

(*) Stock Price at the time of the recommendation.
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